Stocks, gold and the EC look like sales on strength while the dollar index is pushing higher.
We just had several economic releases none of which were particularly good for the economic outlook except an unexpected decline in continuing unemployment claims dropped instead of an expected increase. Nonetheless, the data was not good and we have more to come later and tomorrow.
The ECB cut their target lending rate to 2% as was expected. The EC reached 1.3212 overnight but has since traded under 1.31. We'll look to sell it again today.
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